I don't think they care. In all the confusion, we've quadrupled the deficit, doubled the debt, and are now nationalizing domestic industries while sending billions overseas via companies like AIG. Plus, foreign policy appears to be an afterthought at this point in time. Has Obama done anything other than to insult the Brits and push back the Brazilian President's visit? All this in less than two months. It's really quite an accomplishment. Breathtakingly bold or incompetent. Or both.
I really thought he was going to be another Jimmy Carter. So far, he's making Carter look like George Washington.
Turns out that 73 poeple got bonuses of over 1 million and 52 people got bonuses who have already left the company. AIG is ripping off the American people and gov't needs to step in and stop this.
Why? Does getting a bonus of over $1MM mean you're evil? As for bonuses, lots of people on Wall Street get them and move to other companies. I moved to Goldman Sachs from First Boston the same week I was told what my bonus would be. If I worked for AIG and I were worth anything, I'd be jumping ship to another firm.
Giving bonus of over 1 mil doesn't make a company evil. I don't care how much a company gives as bonuses. But when a company declares they are going under and asks for gov't assitance to stay afloat . . . that is when I start caring. A million dollar bonus (73 of them) from taxpayer money is a problem. AIG saying they have to give bonuses to retain top talent and then later learn the bonuses are going to employees who have already left the company is a problem. I don't trust a thing AIG brass represents anymore and am shocked they can drop bonuses like that with US taxpayer money while declaring they will go bankrupt unless the gov't helps.
I know, for you it is all about placing the blame on Obama. Stock market, economy, AIG bonus give away . . . it's all Obama's fault in your eyes.
WRONG. The blame goes to congress who pushed the housing investment act in 1994 that pushed for people to get mortgages that can't afford them. The blame goes to congress for changing the rules in 1998 and letting investment banks play by the same rules as financial ones causing them to balloon beyond control. Furthermore, The blame goes to congress for taking the statute out of the 2009 stimulus bill that would have prevented these bonuses for being claimed in the first place! Oh and now they wanna make them give it back? Sorry too little too late Pelosi and congress...
